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Charlotte State Bank

Port Charlotte, FL · Cert 27086

FDIC · 6 branches

Q2 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Charlotte State Bank

Port Charlotte, FL · Cert 27086

FDIC · 6 branches

Q2 2023

$629.4MAssets
$240.1MLoans
$577.5MDeposits
$50.6MEquity
Loan mix
99%RE $156.4M1%C&I $1.1M0%Consumer $0.6MQ2 2022Q2 2023
Deposit mix
51%Interest-bearing $294.5M49%Noninterest $283.0MQ2 2022Q2 2023

NIM

2.38%Q2 ’212.06%Q2 ’224.29%Q2 ’23-13%+99%

Non-interest income vs. expense

2.40%Q2 ’212.21%Q2 ’222.36%Q2 ’23+17%+27%

Market Position · Punta Gorda, FL · 2023 SOD (annual) · 9.3% share · #4 of 13 inst. · $0.5B of $5.8B

9.3% Charlotte
0.2% Sarasota

Executive Summary

  • Earnings: ROA of 2.24%, up 135 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 8.09%, up 17 bps from a year ago.
  • Funding: loans stand at 41.58% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

2.24%+135 bps YoY

Net Interest Margin (YTD, annualized)

4.03%+200 bps YoY

Efficiency Ratio (YTD, annualized)

45.18%-2,150 bps YoY

Tier 1 Leverage Ratio

8.09%+17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.89%1.08%1.07%2.25%2.24%+135 bps
Return on Equity11.79%14.19%14.25%29.93%29.20%+1,740 bps
Net Interest Margin2.03%2.28%2.61%3.93%4.03%+200 bps
Efficiency Ratio66.68%62.23%55.57%44.05%45.18%-2,150 bps
Non-Interest Burden0.93%0.96%0.91%1.07%1.17%+25 bps
Growth
Asset Growth (YoY)13.45%10.37%11.97%5.22%-4.42%-1,786 bps
Loan Growth (YoY)-3.02%1.55%2.48%7.18%10.72%+1,374 bps
Deposit Growth (YoY)14.77%11.76%13.32%4.76%-5.13%-1,990 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.02%0.02%0.03%0 bps
Allowance / Loans1.83%1.80%1.74%1.70%1.63%-20 bps
Allowance Coverage of NPLsn/an/an/a1314.7xn/an/a
Capital
Tier 1 Leverage Ratio7.92%8.28%7.64%8.21%8.09%+17 bps
Total Risk-Based Capital25.10%26.61%22.04%23.65%22.38%-272 bps
Equity / Assets7.26%7.58%7.16%7.84%8.04%+77 bps
Liquidity & Funding
Loans / Deposits35.63%36.99%36.54%37.19%41.58%+595 bps
Liquid Assets / Assets53.38%51.65%56.71%57.07%53.26%-12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a